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Oct. 5, 2018, 6:57 a.m. EDT

Asian markets led lower by tumbling tech stocks

Nikkei sags as yen gains; Apple suppliers fall in Hong Kong, Taiwan as spying saga lingers

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By Dow Jones Newswire


Bloomberg News
Foxconn employees work on n assembly line in Shenzhen, China. Foxconn shares fell over 1% Friday.

Asian stock markets dropped Friday, as a global selloff for tech stocks continued in the region amid reports that Chinese spy chips were implanted in products sold outside the country.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.93%   fell 0.8% following an overnight rebound in the yen /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0105%  . As tech stocks sagged in the U.S., chip-equipment maker Tokyo Electron /zigman2/quotes/202883609/delayed JP:8035 +0.06%   dropped 2.6% and was at one-year lows. Electronics, consumer goods and energy stocks led the declines. Financials were higher, though, as U.S. bond yields continued to rise, causing equity-investor concerns but being seen as good for lenders and heavy bond investors. Life insurer T&D /zigman2/quotes/208425761/delayed JP:8795 +2.24%   was up 1.5% while bank Resona /zigman2/quotes/203178794/delayed JP:8308 -0.42%  rose 2%. Meanwhile, electronics maker TDK /zigman2/quotes/208948266/delayed JP:6762 +0.21%   and cosmetics firm Shiseido /zigman2/quotes/207601624/delayed JP:4911 +0.54%   were down 3%- 4%.

Hong Kong stocks continued to drop after Thursday’s skid left the Hang Seng Index below the Dow industrials on a closing basis for the first time since April 2013. The benchmark /zigman2/quotes/210598030/delayed HK:HSI +0.45%   was down 0.2%, off its worst levels of the session. Tencent /zigman2/quotes/204605823/delayed HK:700 +0.21%   was down 1.1% and at fresh year-plus lows. Insurer AIA /zigman2/quotes/203565558/delayed HK:1299 -0.42%   fell, putting the week’s swoon at about 10%. But HSBC /zigman2/quotes/202687335/delayed HK:5 -1.12%   was up almost 1%. A number of Apple Inc. suppliers, such as AAC Technologies /zigman2/quotes/201441510/delayed HK:2018 +0.21%   and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -1.30%  , saw their shares sink following a Bloomberg News report that China may have secretly planted spy chips in some servers used by Apple /zigman2/quotes/202934861/composite AAPL +1.56%   and Amazon.com Inc /zigman2/quotes/210331248/composite AMZN +1.26%  . Both American tech giants strongly denied the report.

Apple suppliers Foxconn /zigman2/quotes/204111604/delayed TW:2354 +0.54%  and Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 -0.37%  fell as well, weighing down Taiwan’s Taiex  .

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.97%   slipped 0.3%, as Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.27%   shed early gains to drop into the red despite forecasting record operating profit in the third quarter.

Australia was again the lone gainer in the region, as the ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.78%   rose slightly. Benchmarks in New Zealand /zigman2/quotes/211587880/delayed NZ:NZ50GR -0.41%  and Singapore /zigman2/quotes/210597985/delayed SG:STI +0.05%   fell, while Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI -0.14%   was about flat. Markets in mainland China remained closed for a weeklong holiday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
28,041.48
+258.55 +0.93%
Volume: 0.00
March 31, 2023 3:15p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
132.7750
+0.0140 +0.0105%
Volume: 0.0000
March 31, 2023 4:59p
loading...
/zigman2/quotes/202883609/delayed
JP : Japan: Tokyo
¥ 16,040.00
+10.00 +0.06%
Volume: 5.33M
March 31, 2023 3:00p
P/E Ratio
15.70
Dividend Yield
3.30%
Market Cap
¥7540.69 billion
Rev. per Employee
¥141.71M
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/zigman2/quotes/208425761/delayed
JP : Japan: Tokyo
¥ 1,641.00
+36.00 +2.24%
Volume: 4.61M
March 31, 2023 3:00p
P/E Ratio
N/A
Dividend Yield
3.78%
Market Cap
¥915.18 billion
Rev. per Employee
¥202.38M
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/zigman2/quotes/203178794/delayed
JP : Japan: Tokyo
¥ 639.50
-2.70 -0.42%
Volume: 14.86M
March 31, 2023 3:00p
P/E Ratio
14.20
Dividend Yield
3.28%
Market Cap
¥1517.47 billion
Rev. per Employee
¥42.31M
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/zigman2/quotes/208948266/delayed
JP : Japan: Tokyo
¥ 4,725.00
+10.00 +0.21%
Volume: 2.80M
March 31, 2023 3:00p
P/E Ratio
9.11
Dividend Yield
2.24%
Market Cap
¥1790.75 billion
Rev. per Employee
¥18.98M
loading...
/zigman2/quotes/207601624/delayed
JP : Japan: Tokyo
¥ 6,181.00
+33.00 +0.54%
Volume: 1.63M
March 31, 2023 3:00p
P/E Ratio
72.25
Dividend Yield
0.97%
Market Cap
¥2469.23 billion
Rev. per Employee
¥31.94M
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
20,400.11
+90.98 +0.45%
Volume: 3.04M
March 31, 2023 4:08p
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
$ 385.80
+0.80 +0.21%
Volume: 25.96M
March 31, 2023 4:08p
P/E Ratio
17.54
Dividend Yield
0.62%
Market Cap
$3659.39 billion
Rev. per Employee
$5.72M
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/zigman2/quotes/203565558/delayed
HK : Hong Kong
$ 82.65
-0.35 -0.42%
Volume: 24.31M
March 31, 2023 4:08p
P/E Ratio
417.64
Dividend Yield
1.86%
Market Cap
$961.98 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202687335/delayed
HK : Hong Kong
$ 53.20
-0.60 -1.12%
Volume: 15.64M
March 31, 2023 4:08p
P/E Ratio
9.18
Dividend Yield
4.72%
Market Cap
$1065.55 billion
Rev. per Employee
$3.35M
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/zigman2/quotes/201441510/delayed
HK : Hong Kong
$ 19.36
+0.04 +0.21%
Volume: 6.37M
March 31, 2023 4:08p
P/E Ratio
25.25
Dividend Yield
0.62%
Market Cap
$23.20 billion
Rev. per Employee
$638,038
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/zigman2/quotes/206687505/delayed
HK : Hong Kong
$ 94.95
-1.25 -1.30%
Volume: 4.25M
March 31, 2023 4:08p
P/E Ratio
36.86
Dividend Yield
0.53%
Market Cap
$103.91 billion
Rev. per Employee
$1.57M
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 164.90
+2.54 +1.56%
Volume: 68.75M
March 31, 2023 4:00p
P/E Ratio
28.02
Dividend Yield
0.56%
Market Cap
$2609.04 billion
Rev. per Employee
$2.36M
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/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 103.29
+1.29 +1.26%
Volume: 56.75M
March 31, 2023 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1058.44 billion
Rev. per Employee
$333,539
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/zigman2/quotes/204111604/delayed
TW : Taiwan
NT$ 55.90
+0.30 +0.54%
Volume: 4.45M
March 31, 2023 1:30p
P/E Ratio
18.58
Dividend Yield
2.86%
Market Cap
NT$79.07 billion
Rev. per Employee
N/A
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/zigman2/quotes/207385621/delayed
TW : Taiwan
NT$ 533.00
-2.00 -0.37%
Volume: 23.94M
March 31, 2023 1:30p
P/E Ratio
13.60
Dividend Yield
2.06%
Market Cap
NT$13822.02 billion
Rev. per Employee
N/A
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,476.86
+23.70 +0.97%
Volume: 722,612
March 31, 2023 6:05p
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
64,000.00
+800.00 +1.27%
Volume: 14.09M
March 31, 2023 3:30p
P/E Ratio
7.94
Dividend Yield
2.26%
Market Cap
₩421232.42 billion
Rev. per Employee
N/A
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,177.80
+55.50 +0.78%
Volume: 835,785
March 31, 2023 4:36p
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
11,884.50
-48.67 -0.41%
Volume: 0.00
March 31, 2023 4:00p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,258.90
+1.72 +0.05%
Volume: 0.00
March 31, 2023 5:20p
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,422.59
-2.02 -0.14%
Volume: 0.00
March 31, 2023 5:05p
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